Post
Topic
Board Speculation (Altcoins)
Re: Florincoin. The monster you haven't heard of. Time to buy.
by
Actualiteit
on 21/10/2017, 00:36:16 UTC
Descending wedge formed inside a larger descending triangle. I can see two things happening in the coming weeks. A continuation of the wedge downwards after bouncing from the key support at 1000sat area OR a break upwards out of the wedge after a bounce from 1000sat area. After a potential break upwards a reassesment is needed as it will encounter a longer term resistance from the previous upswing+ a longer term resistance from the downswing after said upswing, forming the triangle.
We'll see how this one plays out, especially with BTC being in a very bullish trend.